1411 Douglas Ave, Lyons, KS 67554-3706
- Apartment buildings
- 8,543 SF
- 1.40 lot acres
Current Use by Public Records
- Sunflower Estates Assisted / Nursing Home / Retirement Community
- Dearie Dogs Pet Sitting / Kennel & Boarding Facility
Property Details for 1411 Douglas Ave
- Year built
- 2001
- Lot size
- 1.40 lot acres
- Property type
- Apartment buildings
- APN
- 132-04-0-40-19-006.00-0
- APU
- 1320404019006000
Description
This exceptional 12-unit apartment complex in Lyons, Kansas, presents a compelling investment opportunity. Located at 1411 S Douglas Ave, 67554, this property boasts a prime location, within walking distance of a golf course and just seven miles from Sterling College, making it ideal for student housing or long-term rentals. Originally a senior living center, then an extended-stay facility, it's now a thriving one-bedroom apartment complex. The building features a spacious common area, including a living room, kitchen, laundry room, and fitness center. A large parking lot and patio area extend onto a sizable lot. Each unit currently rents for $650, with planned rent increases to $750 within 60 days for new tenants. The property offers significant upside potential, with opportunities to generate additional revenue from underutilized common areas such as the kitchen and lobby. The asking price is $600,000 ($50,000 per unit), and owner financing is available. This Class A property is in excellent condition and presents a strong income-generating opportunity for a variety of investment strategies. The property is situated in Rice County, Kansas.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Lyons
- County
- Rice
- State
- Kansas
- Longitude
- -98.2081
- Latitude
- 38.3336
